Monthly Archive: May 2011
News Briefs for May 25, 2011
• Christie’s has broken the record for the highest price ever paid for a 750ml bottle of Burgundy at auction with the $123,899 sale of a 1945 Domaine de la Romanée-Conti. Continue reading →
Posted in News on May 25, 2011Pernod Ricard USA Sees Accelerated Premium Progress Ahead
While cautious optimism remains the byword across much of the U.S. drinks industry, Pernod Ricard USA and its top distributor Southern Wine & Spirits appear more sanguine on the market’s outlook, especially at the premium end. Continue reading →
Posted in News on May 24, 2011News Briefs for May 24, 2011
• Bloomberg News reported this afternoon that Diageo is in negotations to buy the Jose Cuervo brand from its owners, the Beckmann family. Continue reading →
Posted in News on May 24, 2011Food and Beverage Innovation Provides Growth for Wyndham Hotels
Like many other hoteliers, Wyndham Resorts & Hotels was affected by the economic recession that shook the industry in 2008. Shanken News Daily recently interviewed Fernando Salazar, vice president of food & beverage for Wyndham Hotels & Resorts. He reports that Wyndham has seen steady increases in food and beverage revenues in the last few years, driven by innovative beverage alcohol programs. The 94-location Wyndham chain has 67 units in the U.S. and 27 in international markets including China (6), Mexico (6), Dominican Republic (4), Bahamas (2), Panama (2), Netherlands, Netherlands Antilles, London, U.S. Virgin Islands, Jamaica and Doha, (Qatar). Continue reading →
Posted in News on May 23, 2011Accolade Wines To Offset UK Reliance With Eastern European Growth
Accolade Wines, Constellation Brands’ former Australian and European wine unit, is reportedly planning to reduce its dependence on the U.K.—where currency fluctuations and high taxes have harmed revenues lately—by expanding into Eastern Europe. Continue reading →
Posted in News on May 23, 2011News Briefs for May 23, 2011
• After nearly four decades on the wholesaler end of the wine and spirits industry, Charlie Andrews has moved to the supplier side. Continue reading →
Posted in News on May 23, 2011
